Mount Yale Investment Advisors LLC Lowers Stock Position in Pool Co. (NASDAQ:POOL)

Mount Yale Investment Advisors LLC lessened its holdings in shares of Pool Co. (NASDAQ:POOL) by 3.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,147 shares of the specialty retailer’s stock after selling 97 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Pool were worth $967,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of POOL. Swedbank AB purchased a new position in Pool during the 1st quarter valued at about $96,528,000. TD Asset Management Inc boosted its position in shares of Pool by 585.6% in the 4th quarter. TD Asset Management Inc now owns 183,060 shares of the specialty retailer’s stock worth $72,988,000 after purchasing an additional 156,361 shares in the last quarter. Caledonia Investments PLC purchased a new stake in shares of Pool in the 2nd quarter worth approximately $37,390,000. Norges Bank bought a new position in Pool during the 4th quarter valued at approximately $44,697,000. Finally, Epoch Investment Partners Inc. raised its stake in Pool by 711.3% during the fourth quarter. Epoch Investment Partners Inc. now owns 123,419 shares of the specialty retailer’s stock valued at $49,208,000 after buying an additional 108,207 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Stock Down 2.1 %

POOL opened at $364.37 on Monday. The stock has a market capitalization of $13.97 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 2.63 and a beta of 1.00. The firm has a 50 day moving average price of $350.22 and a 200-day moving average price of $359.14. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.09. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.89 EPS. Equities research analysts forecast that Pool Co. will post 10.99 earnings per share for the current year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Thursday, August 15th. Pool’s dividend payout ratio (DPR) is presently 37.56%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on POOL. The Goldman Sachs Group increased their target price on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company raised their price objective on shares of Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Robert W. Baird upped their target price on shares of Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Loop Capital cut their price target on shares of Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a report on Tuesday, June 25th. Finally, Stifel Nicolaus boosted their price objective on shares of Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Pool presently has a consensus rating of “Hold” and an average price target of $350.00.

Pool Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.